A Way to Fix Congress? Warren Buffet Has an Idea Whose Time May Have Come…

02 Dec

This may seem slightly off topic for Getting Smart About Banks, however it is also true that until we reform our government and wrest the power to regulate and control banking from the bankers who control Congress we are not likely to accomplish any serious banking reform… So the idea seems worth sharing and getting out into the public debate…


Warren Buffett, in a recent  interview with CNBC, offers one of the best
quotes about the debt ceiling:

“I could  end the deficit in 5 minutes,” he told CNBC. “You just pass a  law
that says that anytime there is a deficit of more than 3% of  GDP, all
sitting members of Congress are ineligible for re-election.  The 26th
amendment (granting the  right to vote for 18 year-olds) took only 3 months
& 8 days  to be ratified! Why? Simple! The people demanded it. That was in
1971…before computers, e-mail, cell phones, etc.  Of  the 27 amendments to
the Constitution, seven (7) took 1 year or  less to become the law of the
land…all because of public pressure.

Warren Buffet is asking each addressee to forward this email to a minimum of
twenty people on their address list; in turn ask each of those to do
In three days, most people in The United States of America will have the
message. This is one idea that really should be passed around.

*Congressional Reform Act of 2011*

1. No Tenure / No Pension.  A Congressman collects a salary while in office
and receives no pay when they are out of office.

2.  Congress (past, present & future) participates in Social Security.  All
funds in the Congressional retirement fund move to the Social Security
system immediately. All future funds flow into the Social Security system,
and Congress participates with the American people. It may not be used for
any other purpose.

3. Congress can purchase their own retirement plan, just as all Americans

4. Congress will no longer vote  themselves a pay raise.  Congressional pay
will rise by the lower of CPI or 3%.

5. Congress loses their current health care system and participates in the
same health care system as the American people.

6. Congress must equally abide by all laws they impose on the American

7. All contracts with past and present Congressmen are void effective
The American people did not make this contract with Congressmen. Congressmen
made all these contracts for themselves. Serving in Congress is an honor,
not a career. The Founding Fathers envisioned citizen legislators, so ours
should serve their term(s), then go home and back to work.

If each person contacts a minimum of twenty people then it will only take
three days for most people (in the U.S.) to receive the message. Maybe it is


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  1. Douglas Dale Dixon

    December 11, 2011 at 7:46 am

    AMEN !!!!!!!!!!!!!!

    with 2 addition.

    A) Until the USA national debt is a PLUS 5 BILLION DOLLARS , ALL FOREIGN AID and FREE GRANTS in USA for any purpose is STOPPED.

    B) CLOSE 50% of our FOREIGN MILITARY BASES and bring our Military home to Protect our Own Boarders and Cities. Put the National Guard UNITS back under the State Governers and not the NATIONAL CONTROL.

    C) Ok A third item you might want to consider these I post on my FB page some times ago:


  2. S. Quade

    December 17, 2011 at 1:47 pm

    It was a pleasure to send to all 300 on our email list. Thank you!